POSCO

Latest POSCO News and Updates

  • Financials

    Must-know: Why did the Indian rupee free-fall in 2013?

    India’s current account deficit rose to 4.8% of GDP in 2012–2013, largely financed through hot money flows, and exceeded the government’s target level of 2.5% to 3% of GDP.

    By Phalguni Soni
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    Earnings Report

    Why Investors Shouldn’t Fret over MT’s Negative Free Cash Flow

    In this article, we’ll look at ArcelorMittal’s 1Q17 cash flow and leverage positions. As of the end of 1Q17, ArcelorMittal had net debt of $12.1 billion.

    By Mohit Oberoi, CFA
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    Company & Industry Overviews

    Can ArcelorMittal Succeed in India by Acquiring Essar Steel?

    ArcelorMittal’s (MT) subsidiary ArcelorMittal India Private Limited has made a bid to acquire troubled Indian steelmaker Essar Steel.

    By Mohit Oberoi, CFA
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    Materials

    Key Drivers of ArcelorMittal’s 4Q17 Revenues

    ArcelorMittal (MT) reported revenues of $17.7 billion in 4Q17. The company posted revenues of $17.6 billion in 3Q17 and $14.1 billion in 4Q16.

    By Mohit Oberoi, CFA
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    Materials

    Iron Ore Prices Could React to China’s Demand and Supply Dynamics

    Generally, steelmaking raw materials and steel prices tend to move in tandem. Steel prices react to changes in raw material prices and vice versa.

    By Mohit Oberoi, CFA
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    Materials

    Size Matters: Which Are the Top 10 Steel-Producing Companies?

    In this series, we’ll look at the top ten companies in the global steel industry based on steel production, steel consumption, and steel imports.

    By Mohit Oberoi, CFA
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    Company & Industry Overviews

    How China Could Affect the Steel Industry’s 4Q16 Outlook

    Because China is the world’s largest steel consumer, it’s important for investors in companies such as U.S. Steel, ArcelorMittal, POSCO, and Gerdau to keep track of the Chinese steel industry.

    By Mohit Oberoi, CFA
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    Materials

    How Brazil and Mining Added Flavor to ArcelorMittal’s 2Q Performance

    In 2Q16, ArcelorMittal’s Mining segment generated an EBITDA of $163 million as compared to $98 million in the sequential quarter.

    By Mohit Oberoi, CFA
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    Company & Industry Overviews

    Why China Is Churning Out More Steel This Year

    China produced 70.5 million metric tons of steel products in May 2016, according to data released by China’s National Bureau of Statistics.

    By Mohit Oberoi, CFA
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    Company & Industry Overviews

    Are There Any Relative Opportunities in the Steel Industry?

    May is turning out to be a rough month for steel companies as concerns over the health of the world’s second-largest economy have resurfaced.

    By Mohit Oberoi, CFA
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    Fund Managers

    Must-Know Facts about PRASX

    PRASX has existed since September 1990 and has an expense ratio of 0.94%. A minimum of $2,500 is required to invest in this fund.

    By David Ashworth
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    Earnings Report

    FuelCell Energy Relies Heavily on Strategic Partners for Funding

    FuelCell Energy (FCEL) relies heavily on its strategic partners for its financing needs through revolving credit facilities.

    By Vineet Kulkarni
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    Earnings Report

    FuelCell Energy’s Service Revenues Down, Product Revenues Up

    FuelCell Energy (FCEL) reported total revenues of $51.5 million for fiscal 4Q15 compared to $54.4 million for fiscal 4Q14.

    By Vineet Kulkarni
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    Macroeconomic Analysis

    No Early Respite for US Steel Producers as Prices Tank Globally

    Chinese steel prices have continued to slide in November. Chinese steel mills lost $35 per ton on average in 3Q15.

    By Mohit Oberoi, CFA
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    Macroeconomic Analysis

    Construction Spending Surges past the $1 Trillion Mark

    May construction spending data, released on June 1, came in at a SAAR of $1.04 trillion. This is the second straight month where construction spending has passed $1 trillion SAAR.

    By Mohit Oberoi, CFA
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    Macroeconomic Analysis

    China’s Real Estate Climate Index Touches Multi-Year Low in May

    China’s real estate climate index has fallen every month but October since February 2014. The index dipped to 92.43 in May, a new multi-year low.

    By Anuradha Garg
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    Macroeconomic Analysis

    US Construction Spending Increased 2.2% in March

    In the latest reading in March, total construction spending increased 2.2% on a YoY basis. However, it declined slightly from February.

    By Mohit Oberoi, CFA
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    Macroeconomic Analysis

    Steel Scrap Prices Moved Sideways in April

    Steel scrap prices tanked by more than 25% in February. This helped mini mills. They were at a competitive disadvantage due to the decline in iron ore and coal prices.

    By Mohit Oberoi, CFA
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    Macroeconomic Analysis

    US Housing Starts Decline For 2 Consecutive Months

    March housing starts declined 3.5% on a YoY basis. In February, housing starts dropped by 2.3%. The data was released on April 16. It was lower than expected.

    By Mohit Oberoi, CFA
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    Macroeconomic Analysis

    Chinese Steel Demand Indicators Trend Lower in March

    The construction sector accounts for more than half of China’s steel demand, as it uses steel products like rebars, decks, and joists.

    By Mohit Oberoi, CFA
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    Macroeconomic Analysis

    Can India Lead the Global Steel Industry in the Next Decade?

    Edwin Basson, the Director General of WSA, expects another 400 million tonnes of steel demand—led largely by India (EPI).

    By Mohit Oberoi, CFA
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